Well Balanced Vol. 24
Well Balanced. Volume 24. A round-up helping you get today right.
📈 Stock Quote
"If we shadows have offended, /
Think but this, and all is mended, /
That you have but slumber'd here /
While these visions did appear. "
William Shakespeare
🎃 'A Midsummer Night's Dream' - Puck
🛡️ Strengthen Your Digital Defense
Each year, countless Americans find themselves at risk of falling prey to data breaches, be it through their own actions or those of trusted third parties.
Our latest blog article provides valuable insights and actionable strategies to safeguard your data in an age where online security is paramount. Explore how to implement two-factor authentication, enhance your passwords, stay updated with software, and prioritize your financial accounts. Your online safety matters, and these steps are your shield against potential threats.
Read the full article:
vectorwealth.com/posts/steps-to-avoid-or-mitigate-a-data-breach
🥧 Too Much of a Good Thing
When a single stock or company makes up more than 10% of a retirement portfolio.
Heading into retirement, people may have accumulated great value in just a handful of investments. This value accretion could have come from an employee stock purchase plan, large gains within a held position, or an inheritance. A concentration of larger than 10% in a single company can introduce a risk factor to a portfolio where the loss-of-value in a single position could materially impact the overall plan stability.
Watch Vector advisor Joe Grochowski’s video to get the if, why, and how to diversify a concentrated position. vectorwealth.com/posts/fyr-concentrated-position
ℹ️ Qualified Charitable Distributions
Deadline December 29, 2023
If you are 70.5 or older, you are eligible to make a Qualified Charitable Distribution (QCD) up to $100,000 from your IRA. If you make a qualified distribution it can count towards your Required Minimum Distribution (RMD) for the year with no taxable impact to you. Your custodian offers a checkbook that will allow you to make a direct distribution to the charity.
A good rule of thumb to follow, for a QCD to count towards your current year's RMD, the funds must come out of your IRA by your RMD deadline, generally December 31. This year, December 31 falls on a Sunday so the deadline will be December 29. To accomplish this, any QCD check that is written meant to count towards your RMD must be cashed on or before Dec. 29.
Please allow enough mail time to account for year-end mail delays and holidays. We recommend sending the checks by early December.
⚡ Engage the Core
Balance and stability are important to your retirement portfolio and your health.
Whether you are playing pickleball or preparing to navigate winter conditions, a few simple exercises (practiced often) can help you be at your best. Harvard Health suggests these 3 movements to tune up the core and avoid injury: Bridge, modified plank, and opposite arm and leg raises.
Read the full article from Harvard Health:
health.harvard.edu/staying-healthy/the-best-core-exercises-for-older-adults
🍿 ICYMI
Insights & Videos
Perspective from Vector
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